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>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading rights for disabled people. even the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll update you on the situation there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise t
>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading...
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we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interests you the most, or perhaps wh
we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be...
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Dec 13, 2012
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cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on john boehner. there is an article in the new york times showing they feel he is dragging his feet and waiting until january 3. i also understand that the chairman of the government oversight and reform committee darrell issa, which is from our district here, is holding up the vote on the women against violence act also, which involves the illegals, native americans, and lgbt. this
cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by...
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a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial military complex host: if the country does off of the fiscal cliff, who do you think it's more of the blame on this? it is the president of the united states or congress? caller: the people are being brainwashed to not speak up and get together like an tahrir square and rise up and say, we have to do it with this. we have to do away with destroying the country. we have to do away with $1 billion to a number of countries including israel. host: all right. we want to point out this from "usa today," in there opinion page. we are taking your calls for the next half hour or so on this segment. i want to point out a p
a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial...
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the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rate increases and nothing about spending. and we insist to say look, mr. president, let's talk about a balanced plan but where are your specifics on the spending cuts. even his own advisors say that any kind of agreement that we come to has to deal with the prime drivers of our deficit, which is the spending and particularly the health care entitlement programs. so we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say support that bill, pass that bill. well, how is that the case when he continues to say we also need $1.4
the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. but what we hear from the president is continuing only discussion on one side of the ledger. it has always been about tax rate increases and nothing about spending. and we insist to say look, mr. president, let's talk about a balanced plan...
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cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that...
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. ,,,, ,,,,,,,,,,,, morning as investors keep a close eye on fiscal cliff t in washington. here's a look at the big >>> welcome back. stocks were struggling this morning as investors keep a close eye on that "fiscal cliff" talks in washington. we in they're having trouble. and so is wall street. the numbers are down in a big way down almost 100 points right now. down but despite the government reports that retail sales are actually up and unemployment claims dropped last week. they need fix that "fiscal cliff" though. >>> this week's jefferson award winner was inspired by her own aunt's experience to create something better for people with developmental disabilities. as kate kelly reports, she is expanding the world for her clients in the name of a stronger community for everyone. >> i put things away. i fold. i say hi to customers. they talk to me and they hug me and see me smile. >> reporter: 39-year-old robin sloan has been working at banana republic in corte madera for 15 years thanks to a program called pacific diversified services, or pds. >> our mission is to help pe
. ,,,, ,,,,,,,,,,,, morning as investors keep a close eye on fiscal cliff t in washington. here's a look at the big >>> welcome back. stocks were struggling this morning as investors keep a close eye on that "fiscal cliff" talks in washington. we in they're having trouble. and so is wall street. the numbers are down in a big way down almost 100 points right now. down but despite the government reports that retail sales are actually up and unemployment claims dropped last...
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>> reporter: still the fiscal cliff. good morning and happy monday, guys. it's kind of a weird day out there. a little foggy. erskine bowles, he of simpson-bowles was on "squawk box" this morning and put the number to it. he thought there was a 40% chance that a deal would get reached by the end of the year. a 30% chance that the deal would get done early next year and then the remainder, whatever that might be, would be never and he called that chaos. so really it's all about the fiscal cliff, guys. i wish i had something a little more light and fun for you on a monday morning. >> nothing like going through friday's numbers, down to 7.7%. a lot of chatter over the weekend that was only because people were getting out of the workforce in record numbers, et cetera, et cetera. what's your take? what's wall street's take on the numbers on friday? >> reporter: it's like this. it's like i reported on friday. it's better than expected. what we did in our "street signs" was why are the expectations so low? i went through the numbers, back to 2002, ten years ago. 5
>> reporter: still the fiscal cliff. good morning and happy monday, guys. it's kind of a weird day out there. a little foggy. erskine bowles, he of simpson-bowles was on "squawk box" this morning and put the number to it. he thought there was a 40% chance that a deal would get reached by the end of the year. a 30% chance that the deal would get done early next year and then the remainder, whatever that might be, would be never and he called that chaos. so really it's all about...
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wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are...
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and welcome back to "cbs this morning" on capitol hill where there is still no deal on the fiscal cliff. author bob woodward will tell us what the president needs to say and do to come to a compromise. and music fans have been counting down to 121212. now today is here. we'll preview removed. >>> the eye opener at 8:00 is brought to you by the aarp. >>> i'm charlie rose with gayle king and norah o'donnell. from the hearing room from the house ways and means committee here in washington. police outside a mall in oregon say they don't know why a gunman opened fire on a mall of holiday shoppers. >> he killed two people yesterday and seriously wounded but the christmas spirit quickly disappeared yesterday. john blackstone cbs news clackamas, oregon. >>> here president obama and house speaker john boehner are talking again with 20 days to go until the fiscal cliff. major garrett is at the white house watching all the negotiations. major, good morning. >> reporter: well, good morning, norah, charlie, and gayle. lots of activity and where there's activity there's hope but not a lot of progress
and welcome back to "cbs this morning" on capitol hill where there is still no deal on the fiscal cliff. author bob woodward will tell us what the president needs to say and do to come to a compromise. and music fans have been counting down to 121212. now today is here. we'll preview removed. >>> the eye opener at 8:00 is brought to you by the aarp. >>> i'm charlie rose with gayle king and norah o'donnell. from the hearing room from the house ways and means committee...
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negotiations continue in washington on the so-called fiscal cliff. president obama plans to enter questions from business members. the group has been urging action to prevent huge automatic tax increases in january. those are some of the latest headlines on c-span radio. [video clip] >> we have not coordinated care. all these services have so many cracks that the cracks are as harmful as the diseases that we're treating. you have to step back and ask, are we hurting people overall? what are we doing? now we have the report saying 30% of everything we do not be necessary in health care. 30% of medications we subscribe, the test and procedures we order. this is something for the first time been called out as a problem. >> this function in the health- care industry. what hospitals will not tell you. urday night at 10:00 p.m. on c-span2. >> "washington journal" continues. host: we have been focusing on different aspects of the fiscal cliff. we want to look at capital gains tax and the estate tax. what is the estate tax? guest: it goes back to history --
negotiations continue in washington on the so-called fiscal cliff. president obama plans to enter questions from business members. the group has been urging action to prevent huge automatic tax increases in january. those are some of the latest headlines on c-span radio. [video clip] >> we have not coordinated care. all these services have so many cracks that the cracks are as harmful as the diseases that we're treating. you have to step back and ask, are we hurting people overall? what...
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. >> industrials to the fiscal cliff. >> exactly. a quick break now. the morning's top stories when we return. that's what we'll have. >> plus the man of the hour, erskine bowles. find out whether he thinks washington can avert economic disaster. the courage to rise above when skwaux box returns. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ made a retirement plan, they considered all her assets, even those held elsewhere, giving her the
. >> industrials to the fiscal cliff. >> exactly. a quick break now. the morning's top stories when we return. that's what we'll have. >> plus the man of the hour, erskine bowles. find out whether he thinks washington can avert economic disaster. the courage to rise above when skwaux box returns. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our...
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we are back and forth on how to avert the fiscal cliff. it is just 22 days before the deadline and president obama says he is willing to cut entitlements and speaker john boehner is showing signs of not ruling out a tax hike for top earners. >> and muni is contemplating restructuring its fare structure based on income. a study on the issue is being conducted due to riders' mixed feelings about it. >>> and weather. lots of sunshine? >> yes. we have temperatures mostly in the mid 60s. 64 at concord. 62 at fairfield. here in the city 64 degrees an san jose should see 64. the next chance of rain wednesday. in the meantime, sunshine. >> okay. let's do another season story. >>> the season of giving continues at the san francisco bar pilots team one firefighters again this year. >> yes. they are all acting like elfs. the pilots became santa's own workshop. they assembled 130 bikes for children donated to the fire department toys for children program. they also contribute toys for families in need. very cool! thank you for joining us this morning
we are back and forth on how to avert the fiscal cliff. it is just 22 days before the deadline and president obama says he is willing to cut entitlements and speaker john boehner is showing signs of not ruling out a tax hike for top earners. >> and muni is contemplating restructuring its fare structure based on income. a study on the issue is being conducted due to riders' mixed feelings about it. >>> and weather. lots of sunshine? >> yes. we have temperatures mostly in the...
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i did not think we have used the words fiscal cliff this monday morning. >> we have not. i had a very high class economist, strategists, d.c. insider. they were optimistic. they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
i did not think we have used the words fiscal cliff this monday morning. >> we have not. i had a very high class economist, strategists, d.c. insider. they were optimistic. they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the...
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay into medicare and w
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have...
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tomorrow starts here. >>> seeing some actual movement this morning in talks to avoid the fiscal cliff, both sides exchanging new offers. the white house lowering its demand for new tax revenues from $1.6 trillion to $1.4 trillion. republicans made a counter offer, not many details about that counter offer are known. we want to get to congresswoman marcia blackburn, a republican from the state of tennessee. nice to have you with us. always great to see new the morning. >> good to see you, soledad. >> do you feel there will be a deal and maybe what, something like 48 hours before you guys go on break. i mean is it going to be that soon? >> soledad, i have to tell you, we in the house have passed bills that deal with the tax extenders, deal with sequestration, all of this has been over in the senate waiting for action for months. so we know that our constituents are frustrated. we're a little bit frustrated, too, and we are hopeful that the president will come forward, talk about some spending cuts, you know? everyone says, look at e erskine-bowles and alan simpson, they say you have to
tomorrow starts here. >>> seeing some actual movement this morning in talks to avoid the fiscal cliff, both sides exchanging new offers. the white house lowering its demand for new tax revenues from $1.6 trillion to $1.4 trillion. republicans made a counter offer, not many details about that counter offer are known. we want to get to congresswoman marcia blackburn, a republican from the state of tennessee. nice to have you with us. always great to see new the morning. >> good to...
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coming up at 7:15, how this morning's job report impacts thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member of the group was able to have money wired to them. so they were able to spend last night in a hotel. we have no word yet if that group will return to oakland today. >>> funeral services will be held this weekend for two teenaged girs shot to death in oakland last month. funeral services will be held for ra chef at cooper's -- raquel at cooper's and the girls were found last month near brookdale park. they had been shot as many as 36 times. no arrests have been made as of yet. >>> today is the 71st anniversary of the attack on pearl harbor. bay area survivors will mark the day by marking the been to on mt. diablo at desk. >> the eye of diablo was turned off on teague 8th, the day after the attack. so it would
coming up at 7:15, how this morning's job report impacts thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member of the group was able to have money wired to them. so they were able to spend last night in a hotel. we...
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let's take a look at this morning's top stories. >> more back and forth on how to avert that fiscal cliff. we are just 22 days before the deadline. president obama says he is willing to cut some entitlements and speaker john boehner is not ruling out a tax hike for top earners. >>> and muni is contemplating changing their fare to be based on a person's income. the bay area lead transit body is conducting a study on the issue due to riders' mixed feelings. >>> and "face the nation" is coming up next on cbs 5. for us, we move over to the cw, where salmon have suddenly appeared after a 50-year absence. channel 44, cable 12, starting at 8:30 a.m. >> what are we supposed to do? we're supposed to swim upstream. we forgot about that. >> well, right now, no water to speak of in our skies. >> and probably a well-deserved break. as we have a look outside, it's going to be sunny and breezy. northwesterlies kick up, a dry direction, kind of chapped lips weather. feferlts, plenty of sunshine. temperatures are going to be in the mid-60s on average in the bay area, going to be nice. next chance of rain
let's take a look at this morning's top stories. >> more back and forth on how to avert that fiscal cliff. we are just 22 days before the deadline. president obama says he is willing to cut some entitlements and speaker john boehner is not ruling out a tax hike for top earners. >>> and muni is contemplating changing their fare to be based on a person's income. the bay area lead transit body is conducting a study on the issue due to riders' mixed feelings. >>> and...
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. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" this week." they discuss another week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as well. temperatures mainly in the 40s. we will talk about how much sun if we are going to see the warmup, how long it will last, that's straight ahead. >> and there's another ♪ [ female announcer ] nature exists on the grandest scale... ♪ ...and in the tiniest details. ♪ and sometimes both. nature valley granola thins pack the big taste of granola and dark chocolate into one perfect square, under 100 calories. nature valley granola thins. nature at its most delicious. >> welcome back, everyone. thanks for getting up early and watching the abc sunday morning news. here's a live look at the golden gate bridge. tod
. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" this week." they discuss another week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as...
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short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conse
short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the...
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as long as the fiscal cliff is approaching ahead. we have a panel to debate how like light is that a dial might happen any soon, bill, plus th this. [chanting] bill: tempers are hot on fire. controversial right to work law passed in michigan and a top union leader is here live in a moment and will react to all of that. martha: in a will be pretty interesting, stick around for that. a massive gas explosion. look at that car driving flight through it, melted parts of a major interstate. witnesses describe this horrifying scene coming up. >> all of a sudden i mean the christmas -- the ornaments on the tree, my pictures rattled, everything, and then it just -- it sounded -- almost like the end of the world, or like turbine engines. bill: a major highway reopening in west virginia after a massive explosion shut it down. check that out. that is a police car driving through the flames. several homes destroyed, interstate 77 is now back open in both directions, and the natural gas line fire melted guardrails, left an 800-foot section baked b
as long as the fiscal cliff is approaching ahead. we have a panel to debate how like light is that a dial might happen any soon, bill, plus th this. [chanting] bill: tempers are hot on fire. controversial right to work law passed in michigan and a top union leader is here live in a moment and will react to all of that. martha: in a will be pretty interesting, stick around for that. a massive gas explosion. look at that car driving flight through it, melted parts of a major interstate. witnesses...
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>>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> in public, the lines are drawn. but behind the scenes, the give and take over taxes and entitlement cuts point toward a deal by christmas. what is standing in the way? this morning, the debate is right here. the house speaker's top lieutenant, congressman kevin mccarthy, and top white house ally, the assistant senate majority leader, dick durbin. mccarthy and durbin square off. >>> then, what is the political endgame for both republicans and democrats? who wins and who loses as this fight drags on? >>> plus, the future of the republican party is a hot topic as both sides start plotting the 2016 campaign. our political roundtable features two former capitol hill insiders, newt gingrich and lawrence o'donnell. plus, three journalists on the story. >>> the looming fiscal cliff 22 days away. is it stalemate or compromise? we'll go ins
>>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> in public, the lines are drawn. but behind the scenes, the give and take over taxes and entitlement cuts point toward a deal by christmas. what is standing in the way? this morning, the debate is right here....
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Dec 13, 2012
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i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening
i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do...
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Dec 10, 2012
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another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization who knew him is completely numb and has been numb the last couple days. football is a game of emotion. a lot of different emotions circulating. somehow how some way, we have to process it all and understand that life is different than football and we had a job to do today gressiv, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. music: "make someone happy" music:
another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization...
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Dec 6, 2012
12/12
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from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on c-span. this afternoon, the annual christmas tree lighting. the president will be there. that will be live at 4:30 p.m. eastern time. you will be able to see the lights on the national christmas tree. that is held right in front of the white house just south of the white house. jay on our boat page says -- says -- page scott is an independent from florida. caller: good afternoon, c-span. i am going to say some things you probably do not want to hear but there are the truth about hillary clinton. i think she is very intelligent and on top of her game. when i look back at her career when her husband was preside
from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on...
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c-span has part of our website set up specifically for the fiscal cliff. cliff.n.org/fiscal we're also following your tweets. if you write hashtag fiscal cliff in them, we can put them on the air. austin is calling from utah. caller: good morning. mr. david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the trust fund and gets invested in treasury bills, and treasury bonds = the united states government borrowing money. that equals we are loaning the united states government money. so all the money that has gone into that trust fund over the years goes into bonds and therefore is access to the united states government to spend. the only thing that is in a trust fund right now is basically iou's from the u.s. government. the only way -- place the interest comes from on the treasury bills is from the u.s. taxpayer pockets. you have this tidal wave of baby boomers that are
c-span has part of our website set up specifically for the fiscal cliff. cliff.n.org/fiscal we're also following your tweets. if you write hashtag fiscal cliff in them, we can put them on the air. austin is calling from utah. caller: good morning. mr. david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the...
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. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" "this week." they will discuss another week of talks that failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. >> my friend, meteorologist lisa argen, is here now talking about nice weather if you like it sunny and mild. >> we are seeing changes this morning, and those are point to go a warmer atmosphere. right now looking outside from our roof camera, the winds are light, but those winds will warm us up today. high pressure is building in. it's in the 50s at the coast, 30s in the valleys. i'll talk about how warm it is going to get and when we will see a return to winter. that's coming up. >> thank you, lisa. also ahead, dela salle puts yet another trophy in the high >> welcome back, everyone. this is live look from our sutro cam showing you the lights of the city. everything twinkling and sparkling, looking good. last time this week we were getting pounded by rain. nothing like that in th
. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" "this week." they will discuss another week of talks that failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. >> my friend, meteorologist lisa argen, is here now talking about nice weather if you like it sunny and mild. >> we are seeing changes this morning, and those...
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Dec 10, 2012
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the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are t
the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a...
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finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the first to pick up their marriage licenses last thursday. the state required a three-day waiting period before ceremonies. >>> european union leaders are in oslo to receive the nobel peace prize. hundreds of protesters have been braving oslo's snow. the prize was meant to honor contributions to disarmament and eu member states account for a third of global arms exports. >> thanks, christine. >>> it is now 15 minutes after the hour. time for "early read," your local newsmaking national headlines. a big medical story in the "philadelphia enquirer." it's in a
finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the...
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Dec 12, 2012
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we've been talking all morning about the fiscal cliff and investing. i want to asking, the last time you were on the show, you were out promoting governor romney for president. you said, frankly, that if he didn't win, it might change things, might change the world of investing. president obama won. your guy lost. >> yeah. >> has it changed how you're seeing the world? >> we're so long term focused, the stuff we fund is 7-10 years to see if it will work as a business. it doesn't change anything we do at the moment. i think it changes the political situation a lot and the budget situation a lot. >> in the venture world, does this issue matter? we talk about it all the time for big businesses that employ a lot of people, it matters. in your world does it matter? >> matters less at the moment but a lot in the long run. questions we always worry about in the valley these days, what's the level of regulation? what are the industries we can regulate and industries we can fund innovators to cause disruptive change. the thing i'm worried about right now is pre
we've been talking all morning about the fiscal cliff and investing. i want to asking, the last time you were on the show, you were out promoting governor romney for president. you said, frankly, that if he didn't win, it might change things, might change the world of investing. president obama won. your guy lost. >> yeah. >> has it changed how you're seeing the world? >> we're so long term focused, the stuff we fund is 7-10 years to see if it will work as a business. it...
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. >>> local seniors are taking a stand and making their voices heard in the fiscal cliff crisis. >> make it swift. don't throw seniors off the cliff. >> a group of workers and community leaders rallied outside the representative's office in san jose this morning. they say money should come from raising taxes on bank and corporations, not from cutting social programs. seniors held similar rallies today in 14 other california cities. >>> the president and house republicans have three weeks to compromise on tax hikes and spending cuts. ed to president obama hit the road to rally support from his plan. cbs reporter danielle nottingham has the latest from washington. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> if congress doesn't act soon, meaning in the next few weeks, starting on january first, everybody's going to see their income taxes go up. >> private face to face talks were revised this weekend when house speaker boehner went over to the white house. neither side is releasing details about the conversation, but
. >>> local seniors are taking a stand and making their voices heard in the fiscal cliff crisis. >> make it swift. don't throw seniors off the cliff. >> a group of workers and community leaders rallied outside the representative's office in san jose this morning. they say money should come from raising taxes on bank and corporations, not from cutting social programs. seniors held similar rallies today in 14 other california cities. >>> the president and house...
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cliff. the nasdaq dropped 8.5. >>> near freezing conditions. i'm show you how cold it will be where you live in the morning. >> then a baby was born right in the middle of this bay area street and nearly died. the choice two officers made that ultimately saved his life. >> ever wonder where is my holiday package? one bay area man turned to his security camera and got the answer. >>> another porch pirate has struck in an east bay neighborhood. reports of stolen packages have recently spiked. >> reporter: tis the season i guess. the department tells me, it's receiving 3 to 5 reports a day. one of those thefts happened here on logan drive. that security camera caught the crook who circled twice before making his move. >> watch as he gets out of the white car, takes off his coat, and casually walks up the drive way. >> just the way he had did it, it seemed he had gotten away with it a few times before. >> reporter: says the thief may be surprised when he finds a vacuum attachment in the box. the
cliff. the nasdaq dropped 8.5. >>> near freezing conditions. i'm show you how cold it will be where you live in the morning. >> then a baby was born right in the middle of this bay area street and nearly died. the choice two officers made that ultimately saved his life. >> ever wonder where is my holiday package? one bay area man turned to his security camera and got the answer. >>> another porch pirate has struck in an east bay neighborhood. reports of stolen...
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afternoon when there was progress on the fiscal cliff. if you didn't get through the mayan -- >> and toys "r" us would then stay open all night. >> no one really thinks something's going to happen, do they, on the 21st? >> i don't know. sfl i don't know. there might be viewers out there. >> i think we're going to make it i want to hear it from you. >> so we can fall off the cliff. >> exactly. >> the fed's linking interest rates to unemployment rates are going to stay where they are right now which is close to zero until at the very least the jobless rate falls to 6.5%. and as expected the central bank ramps up its asset purchases. sooner or later this is going to be real money. adding $45 billion to the 40 billion it's already spending per month purchasing securities. it is said to increase the balance sheet by a trillion dollars over the next year. and you can,know, if it goes all the way to when they think it will go to get to 6.5. just add a trillion dollars a year. joining us now neel kashkari head of global inquiries at pimco. the fi
afternoon when there was progress on the fiscal cliff. if you didn't get through the mayan -- >> and toys "r" us would then stay open all night. >> no one really thinks something's going to happen, do they, on the 21st? >> i don't know. sfl i don't know. there might be viewers out there. >> i think we're going to make it i want to hear it from you. >> so we can fall off the cliff. >> exactly. >> the fed's linking interest rates to unemployment...
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according to reuters which cited concerns over a fiscal cliff deal but what does this so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track that comings and goings of private corporate jets in the big woods on them amounts to this. material nonpublic information which is different as the information that the average investor doesn't have the capability of an insider trading case pretty standard. there is a debate we'll talk about it and loose change let's get to today's capital account . well this whole cliff debate seems to consume the domestic airwaves it also reverberated around the global echo chamber providing the baseline for headlines like this that we found a day in the english edition of the chinese government news source no deal in sight on the u.s. fiscal cliff to the international edition of the german paper der spiegel budget disarray us set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two
according to reuters which cited concerns over a fiscal cliff deal but what does this so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track that comings and goings of private corporate jets in the big woods on them amounts to this. material nonpublic information which is different as the information that the average investor doesn't have the capability of an insider trading case pretty standard. there is...
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no deal appears to be in sight in washington on the fiscal cliff. what's and a logo? a new logo that is sparking outrage. we will be back with a bit more in just a couple of minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect.
no deal appears to be in sight in washington on the fiscal cliff. what's and a logo? a new logo that is sparking outrage. we will be back with a bit more in just a couple of minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an...
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begin this half hour with latest on efforts to avoid the fiscal cliff. the plan being put forward is now coming under fire from within his own party. president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in deficit reduction including $1.2 trillion in spending cuts. and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is n
begin this half hour with latest on efforts to avoid the fiscal cliff. the plan being put forward is now coming under fire from within his own party. president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a...
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as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals have been anything but. he wants far more in tax hikes and spending cuts he'd once new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts for -- or reforms. it is clear the president is not serious about cutting spending. spending is a problem. how big the problem? look at this chuart. this line is the current base line for revenue. here, if the president got everything he wanted, over $1.40 trillion in taxes, this is what that would represent. if you look at the spending problem, you see it does nothing. nothing to stop the spending problem that our
as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals...
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Dec 7, 2012
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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Dec 6, 2012
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you're watching fox 45 morning news.. all locaathe fiscal cliff. what it could [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for land o'lakes butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! what a sweeter holiday." safeway. ingredients for life. they'll say, "yum! wow! yay! what a sweeter holiday." -teaae countdown to christmms- we're giving pway gifts evvry day through christmas eve. eve.our lucky winners will get undee the tree.so stay ttned m for your chance to win! 3 map 400map 3 33 map 40 map 3 3 breaking neww... a late night &pfire takes thh life of an elderly man in baltimmre county.two fire fighters were injured.megan gilliland is at theescene wwth theelatest at thisshour.good morning, megan megan in: once we brought fire under ctrlout: priot to moving scene out of house a he
you're watching fox 45 morning news.. all locaathe fiscal cliff. what it could [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for land o'lakes butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! what a sweeter holiday."...
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fiscal cliff negotiations. he tells cnn he is starting to see more and more republicans coming around to the idea of raising taxes on the top 2%. there is a letter that acknowledges that there is just so much that individual members can do at this point. after the election, we saw more than 65 petitions pop up on a white house webpage people asking that their state succeed from the union. puerto rico may be going the other direction. the majority of voters want in. some officials say the two-part question on the ballot was confusing and unclear, and not an indication that people there want to be a part of the united states, but others say the change is definitely coming. we're back after the break. come with us. ♪ every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around th
fiscal cliff negotiations. he tells cnn he is starting to see more and more republicans coming around to the idea of raising taxes on the top 2%. there is a letter that acknowledges that there is just so much that individual members can do at this point. after the election, we saw more than 65 petitions pop up on a white house webpage people asking that their state succeed from the union. puerto rico may be going the other direction. the majority of voters want in. some officials say the...
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republicans for blocking a bill to resolve the fiscal cliff crisis. congress has not compromised on whether taxes should be raised on wealthy americans to help reduce the deficit. latest version of the plan would prevent a tax hike on the first quarter million dollars of a person's earning. >> the wealthiest americans would get a tax cut on first $250,000 and families everywhere would enjoy peace of mind. senate has done their part. we're waiting for republicans and so far they have put unballoted plan that lowers rates for the wealthy americans. >> marco rubio says it will not reduce the nation's $16 trillion debt. >> officials for the proposed sonoma marin smart train are looking to get federal funding to buy more train cars. smart train is committed to go to cloverdale and larkspur but more rail cars would be needed. they report that money force the cars would come out of the budget for pedestrian and bicycle paths. bicycle advocates say it will take away two-thirds of their funding setting the plan back five years. >> three women who dined at a st
republicans for blocking a bill to resolve the fiscal cliff crisis. congress has not compromised on whether taxes should be raised on wealthy americans to help reduce the deficit. latest version of the plan would prevent a tax hike on the first quarter million dollars of a person's earning. >> the wealthiest americans would get a tax cut on first $250,000 and families everywhere would enjoy peace of mind. senate has done their part. we're waiting for republicans and so far they have put...
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there's no indication the five-was suspicious. >> falling off the fiscal cliff and what it could mean for your money and what you eat. >> and gearing up for the biggest day of the year. what's ahead if you're expecting a package this week. >> i'm meteorologist sandy patel. to record high temperatures today bu >> fans going to the 49ers today got a chance to make a child's christmas the best ever. members of operation dream called out for donated toysle the dry drive is partnered by the 49ers and the san francisco police department. even a small gift makes all the difference. >> kids need to know that people care about them. they need to know it's so much bigger than where they live. there's a whole world out there that they get to experience, and so when they know that people care about them, they start to go, oh, there's more to life. >> the gifts will be distributed throughout the city to children in public housing. >>> tomorrow might be just the second monday in december but it's suggested to be a record day for shipping by fedex, fedex expects to ship 19 million packages tomorrow
there's no indication the five-was suspicious. >> falling off the fiscal cliff and what it could mean for your money and what you eat. >> and gearing up for the biggest day of the year. what's ahead if you're expecting a package this week. >> i'm meteorologist sandy patel. to record high temperatures today bu >> fans going to the 49ers today got a chance to make a child's christmas the best ever. members of operation dream called out for donated toysle the dry drive is...
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Dec 13, 2012
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host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host: we are talking about retirees and the disabled. guest: a fairly wide group of people receive social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. a big safety net of people. host: retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a month on average. how does social security get financed? guest: it has been a self-funded program since its inception. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. if you make more than that, any money you make over that is not taxed as part
host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host:...
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. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right now as you look at our roof cam, nice batch of light to moderate rain falling now over the embarcadero. not so heavy we can see the ferry building and the bay bridge enough that it is causing ponding on the embarcadero this morning that's what most of us are going to run into especially east bay highway 4 connects to 680 south of vine hill coming into concord pleasanton down to walnut creek latest update light to moderate rain especially overconcord and pleasant hill highway 4 bay point, pittsburg, antioch highway 4 commute which is usually treacherous any way is going to be wet. heavy rain starting towards san rafael,
. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right...
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Dec 13, 2012
12/12
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cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving...